SBI Targets 10% Green Advances By 2030, Launches CHAKRA To Boost Sunrise Sectors

As per PTI report, State Bank of India has outlined a plan to significantly expand its green financing portfolio over the next 5 years. The bank intends to increase green advances to 7.5%–10% of its total loan book by 2030. As of March 31, 2025, green advances accounted for 1.56% of total advances. 

A quarter of the targeted green lending is expected to be supported through dedicated green lines of credit, strengthening structured funding channels for climate-linked projects. 

CHAKRA To Power Emerging Climate Sectors 

To reinforce this strategy, SBI has introduced CHAKRA, a Centre of Excellence focused on funding high growth sustainability driven industries.  

The initiative will channel capital into renewable energy, electric mobility and green hydrogen, sectors seen as central to India’s energy transition. 

The move reflects the bank’s long-term approach to integrating environmental considerations into mainstream lending while building domain expertise in emerging technologies. 

Climate Commitments and Public Engagement 

SBI has committed to achieving carbon neutrality in its operations by 2030 and Net Zero by 2055, which will mark its centenary year. 

Managing Director Rama Mohan Rao Amara said, “Sustainability is integral to our purpose and the Green Marathon is a symbol to our belief that meaningful climate action begins with individual responsibility and scales through collective commitment.  

As we progress towards carbon neutrality by 2030 and Net Zero by 2055, we remain committed to financing India's green transition and enabling collective climate action.” 

Read More: SBI Mutual Fund May File Draft Papers for $1.5 Billion IPO in March: Report! 

SBI Share Price Performance  

As of 23 February 2026, at 10:01 AM, State Bank of India share price is trading at ₹1,228.70 per share, reflecting a gain of 1.04% from the previous closing price. Over the past month, the stock has gained by 19.35%. 

Conclusion 

With a defined green lending target, structured funding plans and sector specific expertise through CHAKRA, SBI is positioning itself to play a larger role in India’s climate financing ecosystem while advancing its own long term sustainability goals. 

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